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Scott Strazik, Michael Lapides, Ken Parks (left to right) at the Investor Update event.

Articles & Insights

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4 min read

GE Vernova 2024 Investor Update Recap

Yesterday, GE Vernova hosted its 2024 Investor Update event in New York City. Given our strong financial trajectory from robust customer demand and better execution, we raised our 2025 guidance and our outlook by 2028. We also framed our capital allocation strategy, announcing that our Board of Directors declared a quarterly dividend and approved an initial share repurchase authorization.

Press Release

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11 min read

Technip Energies and GE Vernova awarded a major contract for the Net Zero Teesside Power project, which aims to be the world’s first gas-fired power station with carbon capture and storage

LONDON (December 11, 2024) - Technip Energies (PARIS:TE), leader of a consortium with GE Vernova and construction partner Balfour Beatty – with the support of technology partner Shell Catalysts & Technologies – received Notice to Proceed by NZT Power Limited to execute a major(1) contract for the Net Zero Teesside Power (NZT Power) project in the United Kingdom.

Press Release

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5 min read

GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback

NEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.

Press Release

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16 min read

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

Strong financial trajectory from robust demand and better execution

NEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.

Press Release

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2 min read

GE Vernova to host Investor Update event on December 10

CAMBRIDGE, Mass. (November 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik and Chief Financial Officer Ken Parks will host an Investor Update event in New York, New York on Tuesday, December 10, 2024, at 4:30 PM EST. Strazik and Parks will provide an update on GE Vernova’s multi-year financial outlook and capital allocation strategy.

Press Release

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6 min read

GE Vernova announces agreement to strengthen and grow U.S. energy supply chain, acquiring gas turbine combustion parts business from Woodward, Inc.

GREENVILLE, S.C. (November 18, 2024) – GE Vernova, Inc. (NYSE: GEV) today announced that it has signed a definitive agreement to acquire Woodward, Inc.’s (NASDAQ: WWD) heavy duty gas turbine combustion parts business based in Greenville, S.C. This transaction is an important component of GE Vernova’s strategy of investing in U.S. manufacturing and jobs and strengthening its domestic supply chain.

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9 min read

GE Vernova 9HA technology will power YTL PowerSeraya’s new hydrogen capable power plant in Singapore

SINGAPORE (October 28, 2024) – GE Vernova Inc. (NYSE: GEV) through its subsidiaries and YTL Power International Berhad’s wholly-owned subsidiary, YTL PowerSeraya Pte Limited today announced the order for a GE Vernova 9HA.01 gas turbine expected to power a new hydrogen-capable 600 megawatts (MW) combined cycle power plant to be built in Pulau Seraya Power Station (PSPS) on Jurong Island, Singapore.
Technicians examine a 7HA.03 Gas turbine in Greenville

Articles & Insights

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4 min read

GE Vernova Releases Third Quarter 2024 Results

Today, GE Vernova released its third quarter 2024 earnings results. We delivered solid performance in the quarter with double-digit organic orders growth, continued revenue growth, and substantial cash flow. We also reaffirmed our GE Vernova 2024 financial guidance for revenue, adjusted EBITDA margin*, and free cash flow*. 

Press Release

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39 min read

GE Vernova reports third quarter 2024 financial results

Third Quarter 2024 highlights:

Press Release

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9 min read

GE Vernova and Mass Group Holding celebrate the progress of the modernization of the largest power plant in Iraq

Dubai, United Arab Emirates (October 10, 2024) — In conjunction with a ceremony held in Dubai, United Arab Emirates, Mass Group Holding (MGH) and GE Vernova Inc. (NYSE: GEV) announced significant progress on the modernization of the 4.5 gigawatts (GW) Besmaya Power Plant in Baghdad, Iraq, the country’s largest power plant.